According to a regulatory filing, ARK Invest founder and CEO Cathie Wood is stepping down from her role as the portfolio manager at two of her ARK funds. Cathie Wood will no longer serve as portfolio manager of The 3D Printing ETF (BATS:PRNT) and ARK Israel Innovative Technology ETF (BATS:IZRL).
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Ark was only started in 2014!!
Two ETFs that most people didn’t even know existed.
That was all? 🤣
Thank you. I appreciate the fair honest thoughts
Sounds like she’s going to sell low just like she does with her investments.
Cathie is close to 70 years old. It is time to start passing off the baton.
Why is that newscaster smiling like an idiot?
She runs thematic ETF's. Do people expect her to be buying oil stocks, commodities and puts? Her funds provide exposure to high growth tech with a 5 year time-frame. This was always very clear.
I believe she is being aim (shorted) by everyone around, that's why a change might be good for the 2 funds.
Seems like a nothing burger. PRNT and IZRL are peripheral.
So this actually changed nothing…
She old and has a long career before founding ark. Picking on a granny nice tom
She doesn’t sound like someone worth a qtr billion
Wow a little salty Tom, having a rough year
Jim Cramer will be taking over the funds so he can close them
Good video thank you amigo 🙏
Irrelevant in reality.
A key part of succession planning is trust, increased responsibility, and ability to demonstrate appropriate capabilities… 🤔
Pretty soon she'll leave the country, and we will find out months from now or years from now that she stole millions from investors and dipped.
Completely agree, I see Cathy steps back from all but the 2-3 biggest funds.
I see she eventually step back from all but the 2 biggest funds, maybe even all of them.
Go woke & go broke.. the trend seems to hold validity
She probably loss a lot of money from the people she was investing for !
The bull run is over
Your in good company.
Thise are the two passively managed funds, she never managed those in the first place, they run on auto by a set of objective rules written in the prospectus document and are only rebalanced 4 times per year.
Two minor niche-ETFs. Frankly, I was wondering how she can stay up to date on so many companies and sectors.
Cathie Wood is so transparent that in the future you won’t see her at all.
Bad markets always show you who the really good fund managers really are.
Tom, have your seen her trades?! Yes, she is a clown.
Never trust a women with a collar
You’ve gotta be kidding me they’re hiring models now to be financial advisors?
The only thing deflating is Cathie’s portfolio 😂
Kathy should have stopped trading and kept her Tesla and sat pat till the Fed is forced to change course. The Fed is useless.
HOW IS ANY FUND ALREADY LOWER THAN MARCH 2020 LOWS